---

Government Capital Expenditure

I have some sympathy for the argument that if shifting forward investment creates a problem a year or two on, that gap ought to be filled, but of course the classic argument in opposition to that is that a further build-up of debt will bring into focus the value of the currency. The hon. Gentleman refers to the United States, but its currency is, of course, the reserve currency, and is somewhat protected. Are there any concerns among Liberal Democrat Members about the possibility that our currency might be threatened?